Shanghai SIPG manager Vitor Pereira has ruled himself out of the running to take over at Everton, following the departure of Marco Silva.
The Toffees appeared to shortlist Pereira as their ideal candidate last week and quickly entered talks with the 51-year-old, who's won league titles in Portugal, Greece and now China.
But Pereira has ruled out returning to Europe in the near future, with Shanghai SIPG looking to keep their manager tied to his €23m-a-year contract for at least one more season.
"It’s always an honour and I am utterly grateful to be considered on a list by a club that I have so much respect for," Pereira said, quoted by The Telegraph. "At this point I am still the coach of SIPG, a club close to my heart in a country that is growing immensely in football.
"Currently I am not in a position to make any other commitments. I cannot decide now, I need time to think and plan my future by looking to all the options I have. It’s a league I love and, yes, for sure, I would consider an opportunity in the future."
Although Pereira has ruled himself out of the running - he was also being considered by Arsenal - Everton are now set to keep hold of Duncan Ferguson for at least one more matchday before they appoint a new permanent manager.
Ferguson guided Everton to an impressive 3-1 win over Frank Lampard's Chelsea on Saturday, but he's set for a tougher test away from against an in-form Manchester United at Old Trafford this weekend.
As the Toffees widen their search for a new manager, however, it's understood that Unai Emery is still a candidate following talks with the Spaniard last week.
Napoli's Carlo Ancelotti is also believed to be an option for Everton.
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